Income Per Common Share

12 Months Ended

Apr. 28, 2013

Earnings Per Share [Abstract]

Income Per Common Share

Income Per Common Share

The following are reconciliations of income from continuing operations to income from continuing operations applicable to common stock and the number of common shares outstanding used to calculate basic earnings per share to those shares used to calculate diluted earnings per share:

	Fiscal Year Ended
	April 28, 2013		April 29, 2012		April 27, 2011
	(52 Weeks)		(52 1/2 Weeks)		(52 Weeks)
	(In thousands)
Income from continuing operations attributable to H.J. Heinz Company	$	1,087,615	$	974,374	$	1,029,067
Allocation to participating securities(a)	—		1,991		1,816
Preferred dividends	8		9		12
Income from continuing operations applicable to common stock	$	1,087,607	$	972,374	$	1,027,239
Average common shares outstanding-basic	320,662		320,686		320,118
Effect of dilutive securities:
Convertible preferred stock	92		104		105
Stock options, restricted stock and the global stock purchase plan	2,418		2,531		2,819
Average common shares outstanding-diluted	323,172		323,321		323,042

(a) Represents unvested share-based payment awards that contain certain non-forfeitable rights to dividends or dividend equivalents (whether paid or unpaid).

Diluted earnings per share is based upon the average shares of common stock and dilutive common stock equivalents outstanding during the periods presented. Common stock equivalents arising from dilutive stock options, restricted stock units, and the global stock purchase plan are computed using the treasury stock method.

Options to purchase an aggregate of 0.3 million, 0.8 million and 2.4 million shares of common stock as of April 28, 2013, April 29, 2012 and April 27, 2011 respectively, were not included in the computation of diluted earnings per share because inclusion of these options would be anti-dilutive. These options expire at various points in time through 2018.